Re:The money I saved as a child would buy one picogram of go...
by imtringued on Sunday April 17, 2022 @03:17PM
(#31063458)
>Inflation is theft. Prove me wrong.
Money is a claim on people's time and we haven't invented cryogenic chambers and demanded that the unemployed enter those cryogenic chambers during their time of unemployment to prevent them from aging, ahem, I mean stealing the value of your money.
As it stands right now, labor cannot be stored. Your money must age at the rate people age if nobody is hiring the unemployed for investments. What I personally find particularly amusing is that there are so many branches of economics (I could Marxism as one) that postulate that money is just a medium of exchange and thus can't be harmful.
Yet internet forums are filled with angry savers that want to use their money for anything other than a medium of exchange.
> Right now I'm looking at Turkey - I honestly can't tell whether Erdoğan is just a trickster, or actually fucking retarded. Likely both.
If he introduces a debt brake then lowering interest rate for government bonds is the right strategy. The interest that you don't have to pay can be used to pay down the principal and reduce debt faster than paying interest could ever achieve. The problem is that he isn't doing a debt brake at all.
Money is a claim on people's time and we haven't invented cryogenic chambers and demanded that the unemployed enter those cryogenic chambers during their time of unemployment to prevent them from aging, ahem, I mean stealing the value of your money.
As it stands right now, labor cannot be stored. Your money must age at the rate people age if nobody is hiring the unemployed for investments. What I personally find particularly amusing is that there are so many branches of economics (I could Marxism as one) that postulate that money is just a medium of exchange and thus can't be harmful.
Yet internet forums are filled with angry savers that want to use their money for anything other than a medium of exchange.
> Right now I'm looking at Turkey - I honestly can't tell whether Erdoğan is just a trickster, or actually fucking retarded. Likely both.
If he introduces a debt brake then lowering interest rate for government bonds is the right strategy. The interest that you don't have to pay can be used to pay down the principal and reduce debt faster than paying interest could ever achieve. The problem is that he isn't doing a debt brake at all.